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I don't get why people are so against financing?
Regardless if you have the cash or not to buy it outright, financing has its positives too. For one, the finance rate is usually right around 5% or so, maybe 7-10% depending on where you get it from. Now rather than buying a car outright for 50 grand, you could use that 50 grand capital and invest it somewhere else. As long as your return rate is higher than your finance rate then you're better off not buying the car outright.
But I do also understand that it's hard to find ways to invest capital that has that high of a return.
I manage to have a constantly higher return than what I would pay in interest so I would never outright buy a car because I know that I can do something better with the money instead.
There's positives and negatives to every option. Just because somebody finances doesn't mean "they enjoy debt".
Last edited by thebrownboy; 12-11-2015 at 03:50 PM.
Reason: Spelling Errors
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